New Power (or lessons for business from the social economy)


Henry Timms (founder of #givingtuesday and my colleague via Stanford PACS) and Jeremy Heimans have a new article in the December issue of Harvard Business Review called "Understanding New Power." In it they discuss characteristics such as co-ownership and participatory governance. They highlight some of the values of the new power that they call "opt in decision making" and "open source collaboration."

In the requisite 2 x 2 matrix (this is HBR after all) the precious terrain of the upper right hand quadrant includes a mix of movements (Occupy), nonprofits (Wikipedia), benefit corporations (Etsy), and commercial enterprises.

In other words, several of the institutional forms that constitute what we've been calling the social economy embody the characteristics and values that Timms and Heimanns pinpoint as a new type of power. Go read it - see what you think.

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